Gide advised Orpéa on two issuances of notes respectively due 2022 and 2025, admitted to trading on the Euronext Paris market. CMS Bureau Francis Lefebvre advised Crédit Agricole Corporate and Investment Bank and ING Bank N.V. Belgian Branch as joint lead managers.
Gide's team was led by partners Hubert du Vignaux and Gilles Saint-Marc, assisted by Bastien Raisse.
Allen & Overy said today that the USD46 billion bond offering from AB InBev, the largest brewer in the world, marks a strong start for the corporate bond market in 2016.
The SEC-registered, New York law governed deal was oversubscribed with orders amounting to USD110bn, making it the most highly demanded bond offering in history. The debt is being raised in order to fund the acquisition of SABMiller plc and issuance is expected to close on 25 January 2016.
Watson Farley & Williams (“WFW“) advised Iccrea BancaImpresa S.p.A. (“Iccrea”), the corporate banking arm of Credito Cooperativo, and a syndicate of banks comprising BCC Roma, BCC Garda, BCC Staranzano and BCC San Biagio led by Iccrea on the financing of a new campsite in Ostia owned by Sil Campeggi S.r.l. a subsidiary of the Vezzola family’s Baia Silvella Group.
Slaughter and May, Hong Kong, advised Swire Properties Limited on the issue by its wholly-owned subsidiary, Swire Properties MTN Financing Limited, of US$500 million 3.625% Guaranteed Notes due 2026. The Notes were issued under Swire Properties' US$3 billion Medium Term Note Programme. The Notes are guaranteed by Swire Properties Limited and are listed on the Hong Kong Stock Exchange.
HSBC and J.P. Morgan acted as the Joint Lead Managers.
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Herbert Smith Freehills has advised longstanding client Virgin Atlantic on a landmark £220 million secured bond financing which uses the airline’s take-off and landing slot portfolio at London Heathrow as security for the debt. This is the first ever transaction to be successfully completed for this asset class in Europe.
LafargeHolcim Ltd completed its issuance of CHF 250 million 0.375% bonds due 2021 (SIX: LAH15) and of CHF 150 million 1.0% bonds due 2025 (SIX: LAH151). On the same date, the bonds were admitted to provisional trading on the SIX Swiss Exchange and application has been made for the bonds to be listed on the SIX Swiss Exchange. Credit Suisse, UBS, Commerzbank and Zürcher Kantonalbank acted as managers. These bonds were the first to be issued by LafargeHolcim Ltd since Holcim Ltd and Lafarge S.A. completed their merger in July 2015.
Gide advised Société Générale and Crédit Agricole Corporate and Investment Bank in connection with the issue by Financière Spie Batignolles of its € 95 million 4.00 per cent. notes due July 2022. Financière Spie Batignolles was assisted by Simmons & Simmons LLP.
Gide's team was led by Hubert du Vignaux, assisted by Laurent Vincent and Guillaume Leteurtrois.
Clifford Chance has advised a syndicate of 20 banks based in Asia with DBS Bank Ltd as mandated lead arranger, bookrunner and global coordinator and CTBC Bank Co., Ltd. as Taiwan bank coordinator on an up to US$600 million revolving and term loan facility for FodiatorFunding B.V., a subsidiary of AerCap, one of the world's largest aircraft leasing companies based in Netherlands. The facility was guaranteed by AerCap Holdings N.V.
Stephenson Harwood (Singapore) Alliance has advised Transportation Partners on the world's first-ever Coface guaranteed bond transaction financing ATR aircraft.
The transaction issues $143.7 million guaranteed floating rate notes due 2025 for Aeronautic Investments 18 Limited. The notes are backed by a guarantee of Compagnie Française d’Assurance pour le Commerce Extérieur, acting for the account of the French State (Coface). BNP Paribas acted as the sole lead manager for the transaction.
Fieldfisher has advised Kyiv Finance plc, a bond issuer, in relation to the U.S. $300m debt restructuring for the city of Kyiv.
Kyiv Finance had issued bonds used to finance a loan to the city. Prior to the legal maturity of the loan, due in 2016, the Republic of Ukraine proposed a mandatory exchange of the bonds for sovereign securities. Following a vote of the bondholders, the proposal was approved and the exchange successfully took place in December.